With this, the Chennai and US-based company has raised a total funding of $147 million to date from investors like Barclays, Capital One, Crane Ventures, CreditEase, Goldman Sachs, New York Life, Nexus Venture Partners, NVIDIA, Paxion Ventures, Ping An Global Voyager Fund, SST Holdings, TransAmerica, Walden River Wood and Wells Fargo.

H2O.ai plans to use the funds raised to strengthen its global presence including expanding its sales and marketing function. Jade Mandel from Goldman Sachs will be joining H2O.ai's board as part of this transaction.

“H2O.ai is democratizing AI and powering the imagination of every entrepreneur and business globally - we are making them the true AI superpowers,” said Sri Ambati, CEO and Founder at H2O.ai.

The company's India presence includes a half a dozen people, with an AI Center of Excellence in Chennai, which it plans to grow to 40 people in the next 12 months. It also has an AI Center of Excellence in Prague and plans to roll out more such facilities across the world.